News coverage about Turquoise Hill Resources (NYSE:TRQ) (TSE:TRQ) has been trending somewhat positive on Wednesday, Accern reports. Accern identifies positive and negative press coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Turquoise Hill Resources earned a news sentiment score of 0.13 on Accern’s scale. Accern also assigned media stories about the basic materials company an impact score of 45.3403696995987 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Here are some of the news articles that may have impacted Accern Sentiment’s rankings:
- Contrasting Nexa Resources (NEXA) and Turquoise Hill Resources (TRQ) (americanbankingnews.com)
- Turquoise Hill Resources Ltd. (TRQ) Spectacular Insider Ownership of 49.50% – Wallstreet Investorplace (wallstreetinvestorplace.com)
- Turquoise Hill Resources Ltd. (NYSE:TRQ) – Hot Stock of the Day – Nasdaq Journal (press release) (nasdaqjournal.com)
- Insider Investors Have A Large Stake In: Turquoise Hill Resources Ltd. (NYSE:TRQ) – Wallstreet Investorplace (wallstreetinvestorplace.com)
- Turquoise Hill Resources Ltd. (TRQ) Receives Average Rating of “Hold” from Analysts (americanbankingnews.com)
Several research analysts have issued reports on TRQ shares. Scotiabank restated a “buy” rating and issued a $5.50 price target on shares of Turquoise Hill Resources in a research report on Monday, November 6th. CIBC started coverage on shares of Turquoise Hill Resources in a research report on Friday, September 15th. They issued a “sector outperform” rating on the stock. Royal Bank Of Canada set a $4.00 price target on shares of Turquoise Hill Resources and gave the stock a “hold” rating in a research report on Tuesday, October 10th. Finally, BidaskClub lowered shares of Turquoise Hill Resources from a “buy” rating to a “hold” rating in a research report on Wednesday, August 16th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $4.75.
Turquoise Hill Resources (NYSE:TRQ) (TSE:TRQ) last posted its quarterly earnings data on Thursday, November 2nd. The basic materials company reported $0.03 earnings per share for the quarter. Turquoise Hill Resources had a net margin of 24.48% and a return on equity of 2.81%. The firm had revenue of $246.90 million for the quarter, compared to analysts’ expectations of $246.86 million. During the same period in the previous year, the company posted ($0.02) EPS. The company’s quarterly revenue was up 9.1% compared to the same quarter last year.
About Turquoise Hill Resources
Turquoise Hill Resources Ltd. is an international mining company. The Company focuses on the operation and further development of the Oyu Tolgoi copper-gold mine in Southern Mongolia, which is the Company’s principal material mineral resource property. The Company’s Oyu Tolgoi mine is held through approximately 65% interest in Oyu Tolgoi LLC (Oyu Tolgoi) and the remaining approximately 35% interest is held by Erdenes Oyu Tolgoi LLC (Erdenes).
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